Net Income for Paychex (PAYX)
According to Paychex's latest reported financial statements, the company's current net income (TTM) is $1.64B USD. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
PAYX
Currently viewingNet IncomeSwitch metric
TTM (last 4 quarters)
$1.64B
YoY change
-2.0%
5Y CAGR
+8.6%
Peak year (2024)
$1.69B
Cumulative net income
$19.74B
Net Income history chart for Paychex (PAYX) from 1986 to 2025
Net Income history table for Paychex (PAYX) from 1986 to 2025
| Fiscal year | Period ended | Reported | Net Income | YoY |
|---|---|---|---|---|
| 2025 | $1.66B | -2.0% | ||
| 2024 | $1.69B | +8.5% | ||
| 2023 | $1.56B | +11.8% | ||
| 2022 | $1.39B | +26.9% | ||
| 2021 | $1.10B | -0.1% | ||
| 2020 | $1.10B | +6.2% | ||
| 2019 | $1.03B | +10.8% | ||
| 2018 | $933.70M | +14.2% | ||
| 2017 | $817.30M | +8.0% | ||
| 2016 | $756.80M | +12.1% | ||
| 2015 | $674.90M | +7.6% | ||
| 2014 | $627.50M | +10.3% | ||
| 2013 | $569.00M | +3.8% | ||
| 2012 | $548.00M | +6.3% | ||
| 2011 | $515.30M | +8.0% | ||
| 2010 | $477.00M | -10.6% | ||
| 2009 | $533.54M | -7.4% | ||
| 2008 | $576.14M | +11.8% | ||
| 2007 | $515.45M | +10.9% | ||
| 2006 | $464.91M | +26.0% | ||
| 2005 | $368.85M | +21.8% | ||
| 2004 | $302.95M | +3.2% | ||
| 2003 | $293.45M | +6.9% | ||
| 2002 | $274.53M | +7.7% | ||
| 2001 | $254.87M | +34.1% | ||
| 2000 | $190.01M | +36.6% | ||
| 1999 | $139.10M | +36.1% | ||
| 1998 | $102.20M | +35.9% | ||
| 1997 | $75.20M | +43.8% | ||
| 1996 | $52.30M | +34.1% | ||
| 1995 | $39.00M | +38.8% | ||
| 1994 | $28.10M | +40.5% | ||
| 1993 | $20.00M | +46.0% | ||
| 1992 | $13.70M | +42.7% | ||
| 1991 | $9.60M | +11.6% | ||
| 1990 | $8.60M | -8.5% | ||
| 1989 | $9.40M | +36.2% | ||
| 1988 | $6.90M | +35.3% | ||
| 1987 | $5.10M | +21.4% | ||
| 1986 | $4.20M | — |
Net Income values are taken from Paychex's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Paychex (PAYX) most recent annual net income stands at $1.66B (2025) – edged down 2.0% year-over-year.
Paychex net income has recorded the values shown across consecutive periods, with a +8.6% compound annual growth rate over 2020–2025 (5 years).
Between 2024 and 2025, Paychex net income edged down 2.0%, falling from $1.69B to $1.66B.
The highest annual net income of $1.69B was reported in 2024. The lowest in the available history was $4.20M in 1986.
Among 8 Industrials peers, Paychex (PAYX) ranks 9th; the peer median for net income is $5.88B.
Paychex Net Income by Year
Paychex Net Income 2025: $1.66B
Paychex net income in 2025 was $1.66B, edged down 2.0% below 2024.
Paychex Net Income 2024: $1.69B
Paychex net income in 2024 was $1.69B, grew 8.5% from 2023. This figure represents the highest annual value in the available history.
Paychex Net Income 2023: $1.56B
Paychex net income in 2023 was $1.56B, grew 11.8% from 2022.
Paychex Net Income 2022: $1.39B
Paychex net income in 2022 was $1.39B, grew 26.9% from 2021.
Paychex Net Income 2021: $1.10B
Paychex net income in 2021 was $1.10B.
See more financial history for Paychex (PAYX).
Sector peers — Net Income
Companies in the same sector as Paychex, ranked by their latest net income.
| Company | Net Income | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $8.87B | Industrials |
| GE Aerospace (GE) | $8.70B | Industrials |
| Union Pacific Corporation (UNP) | $7.14B | Industrials |
| RTX Corporation (RTX) | $6.73B | Industrials |
| Deere & Company (DE) | $5.03B | Industrials |
| Honeywell International Inc. (HON) | $4.73B | Industrials |
| Eaton Corporation plc (ETN) | $4.09B | Industrials |
| The Boeing Company (BA) | $2.23B | Industrials |
Frequently asked questions
What is Paychex's net income?
- Latest reported net income for Paychex (PAYX) is $1.64B (period ending February 28, 2026).
How has Paychex net income changed year-over-year?
- Paychex (PAYX) net income changed -2.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Paychex net income?
- Paychex (PAYX) net income compound annual growth rate is +8.6% over the most recent 5 years available.
When did Paychex net income hit its highest annual value?
- Paychex net income reached its highest annual value of $1.69B in 2024.
What was Paychex net income in 2024?
- Paychex (PAYX) net income in 2024 was $1.69B.
What was Paychex net income in 2025?
- Paychex (PAYX) net income in 2025 was $1.66B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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